Bridgewater Exits Dalio Era With Revamp
Bloomberg Businessweek
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Bridgewater Hedge Fund Strategy Pure Alpha
Bridgewater is capping its flagship hedge fund strategy pure alpha. The maximum at one point was about $100 billion and will be 20 to 30% less than that going forward. As they cap the opportunity set in pure alpha, they're cutting some jobs. One of those initiatives is growing the firm's international footprint in Asia. Another is building out their equities business. A third is sustainability and a fourth, as you mentioned, is AI and machine learning.
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